1. Lagarde to Become Managing Director and Chairman of the IMF
... defeating Mexican Central Bank chief Agustin Carstens. Lagarde was backed by the United Kingdom, Germany, and most European powers, as well as some Asian and African nations. The United States Treasury Secretary Tim Geithner joined the group of supporters right before Lagarde was voted in (Rooney) "Minister Lagarde's exceptional talent and broad experience will provide invaluable ... originally established in 1947 to aid failing economies in the aftermath of World War II. Currently, the IMF controls monetary cooperation and exchange rate stability, as well as facilitating international ...
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